Connected Health Plans Massive Hiring Spree After BGF Investment
Deal News | Jan 23, 2025 | Business Growth Fund (BGF)
The Business Growth Fund (BGF), a private equity firm, has invested in Connected Health, an Irish homecare provider. This investment is set to facilitate a significant expansion for the company, which plans to hire an additional 1,000 carers over the next two years. The move comes in response to the growing demand for high-quality homecare services across Ireland. The Irish homecare market is expanding, driven by an aging population and increased preference for in-home care services. Connected Health's scaling ambitions align with broader trends in the healthcare industry, emphasizing personalized and home-based care solutions.
Sectors
- Healthcare Services
- Private Equity
Geography
- Ireland – Connected Health is based in Ireland and the expansion plans are aimed at catering to the homecare services market in this region.
Industry
- Healthcare Services – Connected Health operates in the healthcare sector, specifically providing homecare services which are experiencing increased demand.
- Private Equity – The Business Growth Fund is a private equity firm that invests in firms like Connected Health to facilitate expansion and growth.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Connected Health | Target Company | Company | A homecare services provider planning expansion in response to increased demand in Ireland. |
| Business Growth Fund (BGF) | Investor | Company | A private equity firm that has invested in Connected Health to support its expansion plans. |